Question
Do you think that social efficiency (defined as the maximization of consumer and producer surplus) is always an appropriate tool for analyzing the net impact
Do you think that social efficiency (defined as the maximization of consumer and producer surplus) is always an appropriate tool for analyzing the net impact of different policies?
- Can you think of some policy situations in which social efficiency is a sufficient measure for determining which policies should be enacted? Explain.
- Can you think of some policy situations in which social efficiency would be an inappropriate goal of policy discussions? Explain.
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
